Lumentum Holdings (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 261.7× the size of Lumentum Holdings (Ondo Tokenized) (LITEON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 21.1 percentage points (LITEON +7.1% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.26 across 103 shared trading days). LITEON has been the more volatile of the two, at 99% annualised against SPCXB's 71%.

Correlation: 0.26
Size ratio: 1 : 261.7
Ahead over 90 days: SPCXB

Lumentum Holdings (Ondo Tokenized)LITEON

$658.8600

24h: -5.16%
Market cap: $760,042
Volume 24h: $512,851
Volatility (ann.): 99%

SpaceX (bStocks Tokenized Stock)SPCXB

$136.6300

24h: -1.07%
Market cap: $198.94M
Volume 24h: $46.58M
Volatility (ann.): 71%

LITEON 0.4%Share of the two combined market caps99.6% SPCXB

Performance

LITEONSPCXB

7 days-4.30%-5.60%LITEON
30 days+2.49%-11.42%LITEON
90 days+7.09%+28.18%SPCXB

Correlation

0.26over 103 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 0.311y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	LITEON	SPCXB
Max drawdown (400d)	-33.3%	-47.5%
Risk-adjusted return (90d)	0.07	0.45

Relative strength over 90 days: LITEON outperformed SPCXB by 26.2% — measured on the LITEON/SPCXB ratio, so it holds regardless of market direction.

Lumentum Holdings (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →